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The article subtly points out a logical disconnect: Obama says that we expect Jobs to be rich having created several innovative products, yet the majority of hi
by jcl 16y ago
The article subtly points out a logical disconnect: Obama says that we expect Jobs to be rich having created several innovative products, yet the majority of his fortune did not come from these products (at least not the recent ones), but instead from the sale of Pixar.
So by celebrating Jobs's wealth, we're celebrating his investment acumen more than his innovation.
- enjo 16y agoThere is no pixar for Steve Jobs without Apple.
- Encosia 16y agoHis Disney stock is from the Pixar sale, not active investment. Smart of him to keep it all this time (probably an easy choice given the dividends it pays), but he ultimately has it due to the innovation at Pixar, not investment acumen.
- notahacker 16y agothe corollary is that some investors in Apple have profited (certainly in proportion to the significance of their input) from its success to a greater extent than Steve Jobs. I'm willing to bet not all of them were investing capital raised through their own ingenuity in other fields...